Russell Nesbitt Services Inc

Analysis

Russell Nesbitt Services Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in January 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Russell Nesbitt Services Inc reported income of $6.6m and spending of $6.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Russell Nesbitt Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WV. Charities of a similar size with the same main cause include Kendal at Home ($6.6m), Sunshine Acres Boutique & Donation Center Inc ($6.6m) and Provider Resources Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $152k (2.3% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $6.2m against liabilities of $682k, net assets of $5.5m. It reported 242 employees.